Business News

Texas Instruments CEO resigns on code of conduct violation

(Reuters) - Texas Instruments Inc (TXN.O) said on Tuesday that Brian Crutcher had resigned as the company’s chief executive officer just six weeks into the role, after finding following a report that he had violated the chipmaker’s code on personal behavior. A Texas Instruments Office is shown in San Diego, California, U.S., April 24, 2018. REUTERS/Mike Blake The company’s shares fell as much as 2.5 percent in...

18 Jul 1:54 AM 0 Read More...

Canadian temporary tattoo start-up gets $10 million in funding

TORONTO (Reuters) - A Toronto-based start-up has secured $10 million in funding from venture capitalists to expand its operations in the temporary tattoo business, the company’s chief executive officer said on Tuesday. A staff member poses with a freehand temporary tattoo at the offices of start-up company Inkbox in Toronto, Ontario, Canada July 17, 2018. REUTERS/Chris Helgren The start-up, Inkbox, aims to gi...

18 Jul 1:54 AM 0 Read More...

China cuts Air China's flight hours, launches safety review after incident

SHANGHAI (Reuters) - China’s aviation regulator will cut Air China’s flight hours for its Boeing 737 fleet by 10 percent and cancel the licenses for the pilot and co-pilot involved in an emergency descent incident last week, Chinese state television said. FILE PHOTO - Flights of Air China are parked on the tarmac of Beijing Capital International Airport in Beijing, China, March 28, 2016. REUTERS/Kim Kyung-Hoon/...

18 Jul 1:54 AM 0 Read More...

Buffett's Berkshire Hathaway loosens policy on stock buybacks

(Reuters) - Berkshire Hathaway Inc (BRKa.N) on Tuesday eliminated a restriction on its ability to buy back its own stock, a change that could help billionaire Chairman Warren Buffett deploy more of the conglomerate’s cash. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska, U.S. May 6, 2018. REUTERS/Rick Wilking/Fi...

18 Jul 1:54 AM 0 Read More...

Japan shares jump as yen bows to strong dollar

SYDNEY (Reuters) - Asian shares followed Wall Street higher on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted Tokyo shares to a one-month top and sent gold to a one-year trough. FILE PHOTO: A visitor is seen as market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018. REUTERS/Toru Hanai/File Photo Japan's Nikkei...

18 Jul 1:54 AM 0 Read More...

Wall St. climbs on Powell comments, earnings

NEW YORK (Reuters) - Wall Street stocks rose on Tuesday, with the Dow Jones Industrial Average posting its fourth consecutive session of gains after Federal Reserve Chairman Jerome Powell expressed an optimistic U.S. economic view and solid earnings bolstered the outlook for a robust reporting period. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 6, 2018. REUTERS...

17 Jul 8:54 PM 0 Read More...

CSX profit tops Wall St target on expense controls, shares rise

(Reuters) - CSX Corp (CSX.O) on Tuesday posted a second-quarter profit that topped Wall Street’s target after the No. 3 U.S. railroad operator continued to benefit from its drive to slash expenses and boost efficiency. FILE PHOTO: A CSX freight train crosses the Potomac River in Harpers Ferry, West Virginia, U.S., October 16, 2012. REUTERS/Gary Cameron/File PhotoCSX shares rose 2.9 percent to $66.28 in extended ...

17 Jul 8:54 PM 0 Read More...

Dollar firms after Fed chair's upbeat remarks, global stocks gain

NEW YORK (Reuters) - The U.S. dollar rose on Tuesday against a basket of major currencies following an upbeat economic assessment from the head of the U.S. Federal Reserve, while world stocks climbed as a heavy week of corporate earnings also kicked into gear. Wall Street’s main indexes erased losses from the start of the session to end solidly positive. The U.S. two-year Treasury yield rose to its highest level in...

17 Jul 8:54 PM 0 Read More...

United Airlines raises 2018 profit forecast; shares rise

(Reuters) - United Airlines (UAL.N) raised its profit forecast for 2018 on Tuesday, breaking a trend for U.S. airlines as average fares and traffic both rose and it trimmed capacity expansion in the face of soaring fuel costs. FILE PHOTO: A United Airlines Boeing 737-900ER plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike Blake/File Photo - RC17...

17 Jul 8:54 PM 0 Read More...

UK PM May narrowly avoids defeat in parliament on EU trade laws

LONDON (Reuters) - British Prime Minister Theresa May narrowly avoided a defeat in parliament at the hands of pro-EU lawmakers from her own party on Tuesday, fending off a rebellion that had threatened to deepen a crisis over her Brexit strategy. FILE PHOTO: Britain's Prime Minister, Theresa May speaks at the Farnborough Airshow, in Farnborough, Britain July 16, 2018. Matt Cardy/Pool via REUTERSParliament voted 307 ...

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